A group representing hedge funds has filed a lawsuit against the US Securities and Exchange Commission (SEC) over a new rule related to Treasury market dealers. The rule in question, which was recently implemented by the SEC, requires certain hedge funds to register as dealers if they engage in certain activities in the Treasury market.
The hedge fund industry groups argue that the new rule is overly broad and could have negative implications for their operations. They claim that the rule could impose unnecessary regulatory burdens on hedge funds and hinder their ability to participate in the Treasury market effectively.
